An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates
AbstractThis paper investigates the effect of eco-labeling on the occupancy rates of commercial offices in the US. The occupancy rates of LEED and Energy Star labeled offices are compared to a sample of non-labeled offices. Using OLS and quantile regression analyses, a significant positive relationship is found between occupancy rate and the eco-label. Controlling for differences in age, height, building class and quality, the results suggest that occupancy rates are approximately 8% higher in LEED labeled offices and 3% higher in Energy Star labeled offices. However, for Energy Star labeled offices effects are concentrated in certain market segments.
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Bibliographic InfoPaper provided by Henley Business School, Reading University in its series Real Estate & Planning Working Papers with number rep-wp2009-08.
Length: 24 pages
Date of creation: 2009
Date of revision:
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Other versions of this item:
- Fuerst, Franz & McAllister, Patrick, 2009. "An Investigation of the Effect of Eco-Labeling on Office Occupancy Rates," MPRA Paper 15799, University Library of Munich, Germany.
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets
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